According to the Ministry of Resources and Natural Environment Protection of Myanmar, in order to protect the sustainable development of forest timber resources in Myanmar, one year after the timber harvesting production is suspended, the production of felling will be reduced in 2019, and only about 610,000 trees will be cut down.
The Ministry of Resources and Natural Environment Protection of Myanmar stated that the department has also calculated the data of the areas in Myanmar that have the right to cut timber production, the growing trees and the annual output of timber, and have developed a detailed plan for cutting production, 2019 The felling production season will reduce the amount of felling production compared with previous years. Hardwood plans to cut 590,000 trees and 20,000 teak trees.
It is reported that the wood felled in the timber harvesting production season in the 2017-2018 fiscal year, which is about 320,000 tons after conversion to tons, which is the lowest in 10 years. The Burmese government limits the amount of timber harvested in 2019, which will greatly affect the timber export structure.
The amount of wood felled is linked to the supply. The supply is reduced and the supply is in short supply, which will definitely push up its price. Burmese timber has become a high-profile area in the timber industry because of its abundant supply, high quality and low price.
Burmese wood does have a unique advantage over other species. For example, in the wood market, wood such as rosewood, teak, eucalyptus, southwest birch, black walnut, water melon, and golden silk pomelo are products that are commonly used in the market and are favored by downstream businesses.
According to the information released by the Ministry of Resources and Nature Protection of Myanmar, the timber harvesting season in 2017-2018 is only planned to cut down 320,000 tons of timber, which is about 330,000 tons less than the felling in the 2015-2016 harvesting season. So, does this mean that the future source of timber in Myanmar, especially pear and teak, will usher in a wave of price hikes?
On the one hand, the implementation of this policy in Myanmar has seriously affected the development of the domestic timber industry. A person in charge of the Myanmar timber industry said that today, the amount of wood we have is only basically meeting the needs of this year. By the end of the 2019 inventory consumption, it will definitely push the price of its series of products to rise wildly. On the other hand, it will affect the adjustment of domestic timber import structure, and downstream merchants will definitely look for substitutes for Burmese wood after exceeding the price range.